March 2022: Maini Renewables, an incubated startup of AIC-JKLU that designs and manufactures renewable energy products, that are both efficient and cost-effective, has been selected for the grant of INR 21.25 Lacs under the Parivartan Smartup grant by HDFC.
In this year AIC-JKLU was one of the selected incubators to support Startups and one of their incubated startup, Maini Renewables, was chosen for the grant. Parivartan Smartup grant was for those startups who are working on Environment, Health and Gender Diversity.
Nidhi Kachhawa, CEO, AIC-JKLU Foundation, Jaipur said, “The money raised would be majorly invested in technology and to scale up operations of the company. Maini Renewables would be strengthening and developing hydropower technology used for generating electricity through static water bodies in Indian rural areas and cities. Hydropower has immense potential beyond traditional dam-style construction. They research and develop new hydrokinetic turbines for specialized applications in real-world conditions. These kinds of annual programme awards funds are opportunity for the budding entrepreneurs”.
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The Founder of Maini Renewables, Ms. Swati has an M.S. degree in Mechanical Engineering from Drexel University and has experience in developing Hydrofoils for Hydrokinetic turbines.
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As AIC-JKLU is the focused incubator towards Energy and Eldercare segment with 33+ labs and 40+ active mentors and has supported 50 startups so far, she strongly feels that with the support and guidance of AIC-JKLU and mentors connected by AIC-JKLU, she could achieve this milestone which will help her in scaling the venture.
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